Chicago Center for Arts and Technology Inc

Analysis

Chicago Center for Arts and Technology Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chicago Center for Arts and Technology Inc reported income of $3.3m and spending of $2.9m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.3m (+70%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 88%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chicago Center for Arts and Technology Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Heartland Workforce Investment Boar ($3.3m), Valley Initiative for Development and Advancement ($3.3m) and Biobat Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.0% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $12.4m against liabilities of $80k, net assets of $12.4m. It reported 34 employees.